Oil and gas sector critical for anti-graft war, Lamorde says

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The Chairman of Economic and Financial Crimes Commission (EFCC), Ibrahim Lamorde, has described the oil and gas industry as critical to the nation’s fight against economic and financial crimes.

Mr. Lamorde said this while receiving the management of Nigeria Liquefied Natural Gas (NLNG) which paid him a courtesy visit on Monday at the Commission’s headquarters in Abuja.

While congratulating the Managing Director and Chief Executive Officer of NLNG, Babs Omotowa, on his recent appointment, the EFCC boss noted the strategic position of the oil and gas sector as the nation’s chief revenue earner.

“NLNG is an important player in the Nigerian economy and in fact, gas is gradually gaining prominence over oil which makes it imperative that your organisation should live above board and be seen to be actually so”, Mr. Lamorde said.

He stressed that because of the country’s image and other stakeholders in the NLNG comprising mostly of foreign organizations, there is need to maintain a high level of integrity and corporate governance in its operations

He commended Mr. Omotowa and his team for all the anti-corruption efforts so far put in place at the NLNG, which he said, would help in checkmating occurrences of financial misconducts.

“The steps you have put in place, like the whistle blowing mechanism, is in line with what we do here and we are ready to support you in that regards,” Mr.Lamorde promised.

Earlier in his speech Mr. Omotowa said they were at the Commission to congratulate Mr. Lamorde on his appointment and to seek the Commission’s assistance in their bid to fight internal corruption.

“We are here because we are committed to high principle of ethical value and have in place anti-bribery and anti-corruption policy. It is in recognition of the expertise and knowledge of EFCC in this area that we have come to solicit for support and cooperation.

“In this vein, we have established an internal anti-bribery and corruption policy with a zero-tolerance for such. We also have a whistle blowing scheme which helps in internal reportage of corrupt incidences and are seeking for the full support of EFCC while assuring of our support,” he said.

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